Fixed Rate Mortgages
If you want the stability of a fixed rate mortgage, we offer a variety of programs including short or long terms, low down payment requirements and many other options to make home buying more affordable.
Adjustable Rate Mortgages
Our adjustable rate mortgages are available for home purchase, construction loans, refinancing or taking some equity out of your home. Also, there are programs available for multi-family investment properties. An adjustable rate loan will allow you interest rate flexibility, starting out with a lower interest rate at the beginning of your loan term.
Access to Housing Program
With a down payment requirement of only 3%, we're proud to offer a new path to homeownership!* As your community bank, we've developed a program for those purchasing a 1-unit, 2-unit or manufactured home on its own land. This program has a maximum loan amount of $400,000 and your household income cannot exceed $150,000.
After purchasing your home, relax and stay a while! At no additional cost, you can request a one-time rate reduction during the first 36 months of the loan. Give us a call at (603) 332-2610 ext. 293 to learn more!
Construction Loans
Our construction loans offer flexible terms and interest rates with the benefit of a one-time closing. We allow twelve months to complete the construction and inspection. You also have the option of being your own general contractor. Payments will be interest only during the first 12 months, then the loan converts to regular principal and interest payments.
Land Loans
Purchasing land can be the first step to building your new home. Our land loans allow you to finance up to 75% of the purchase price or appraisal value, whichever is less. It's a great way to acquire land while you plan the building process.
Purchasing land to begin construction? We also offer Land Purchase Construction Loans.
Questions? Contact us at (603) 332-2610 x293
*Qualified borrowers must meet eligibility requirements. The dwelling must be an owner-occupied primary residence. The maximum household income limit is $150,000. The maximum loan amount is $400,000. Maximum loan-to-value ratio of 97% with a minimum 3% down payment required. Homebuyer education is required. The Access to Housing program applies to the purchase of a 1-unit, 2-unit, or manufactured home on its own land. At a 7.375% interest rate, the APR (Annual Percentage Rate) for this loan type is 7.438%. Based upon the current market conditions, the monthly payment schedule for a loan amount of $100,000 would be: 360 payments of $690.68 at an interest rate of 7.375%. Payment example does not include taxes, insurance or mortgage insurance premiums; if applicable, your total payment obligation will be greater. Escrow of taxes and insurance are required. Rates are subject to change without notice. Within the first 36 months of the loan, if the borrower is current on the loan payments during the most recent 90 day period, they may request a one-time rate reduction at no additional cost. At the time of the rate reduction request, the rate will be reduced to either Profile Bank’s 30-Year fixed rate or 1% less than the borrower’s current rate, whichever is higher. All loans are subject to credit approval.
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